W New York Union Square Reopens After $100 Million Renovation
W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.
CBL Properties
Two Large San Francisco Hotels Could Be Sold Soon
The 1,921-room Hilton Union Square, the city’s largest hotel, and the 1,024-room Parc 55 are expected to be sold to an unidentified buyer. Plus more hotel and development news.
Las Vegas' Mirage Hotel and Casino to Close
Hard Rock International will cease operations of The Mirage Hotel & Casino to begin transforming the venue into the Hard Rock Hotel & Casino and Guitar Hotel Las Vegas. The new resort will feature a guitar-shaped hotel nearly 700 feet in height.
Hotels Change Hands, Brands Enter New Markets
Lodging stocks were mostly lower. VCSA was down -12%, SOND was down -8% but MCG was up 5% on a new Buy rating.
Northland Capital Markets initiated coverage on Selina Hospitality Group with an Outperform rating and $4.50 target price.
The scheduled auction of the downtown Hilton Hotel Minneapolis , previously slated for Friday, has been postponed.